24 Sep 2009 09:54
24 September 2009
FORTUNE OIL PLC
("Fortune Oil" or "the Company")
Exercise of Directors' Options
Fortune Oil yesterday received notification of exercise of options over ordinary shares of 1 pence each in the Company ("Shares") from certain directors/PDMRs as follows:
PDMR/Directors Number of shares
TIAN, Jun 3,000,000
Louisa HO 5,000,000
The options have an exercise price of 2.75 pence per share and were granted pursuant to the Company's 1997 China Executive Share Option Scheme.
The 8,000,000 ordinary shares are to be allotted to Pershing Nominees Limited as nominee for these directors and rank pari passu with existing ordinary shares in the Company and accordingly the issued shares of the Company be increased to 1,936,152,668.
These notifications are made in accordance with DTR 3.14R(1)(a) of the Disclosure and Transparency Rules.
Enquiries:
Fortune Oil PLC
John Pexton, Deputy Chief Executive Tel: 00 852 2583 3113 (Hong Kong)
Pelham Public Relations
Archie Berens Tel: 020 7337 1509 or 07802 442 486
FTO.L (FTO)